Pan Global Announces Appointment of Vice President of Investor Relations and Communications

Vancouver, British Columbia–(Newsfile Corp. – November 8, 2022) – Pan Global Resources Inc. (TSXV: PGZ) (OTC Pink: PGNRF) (“Pan Global” or the “Company”) is pleased to announce the appointment of Jason Mercier as Vice President of Investor Relations and Communications.

Mr. Mercier is an investor and media relations professional with over 20 years of experience at a range of mining companies, from exploration-stage juniors to a $15 billion market capitalization producer. Most recently, he was the global head of investor relations and external communications for a base and precious metals producer with mines in Canada, Burkina Faso and Namibia. Mr. Mercier’s past success in communications is founded on a degree in journalism and he has considerable experience supporting investors at the institutional, family and retail levels. He works at the Society’s head office in Vancouver.

Tim Moody, President and CEO of Pan Global, said, “We are delighted to welcome Jason to the Pan Global leadership team. His strong background in communications and investor relations will be a great addition to the existing team as we continue to highlight the importance of our exciting copper discovery in southern Spain’s leading mining jurisdiction and expand our base. of solidary shareholders. Jason’s capital markets experience, industry contacts and knowledge of the mining sector will positively contribute to Pan Global’s goal of creating significant value for all of our stakeholders.

Mr. Mercier was granted 350,000 stock options and 100,000 restricted stock units (“RSUs”) of the Corporation. Stock options and RSUs were granted pursuant to the Corporation’s Omnibus Equity Incentive Compensation Plan. Each stock option entitles its holder to purchase one common share of the Company at a price of $0.405 per common share for a period of five years from the date of grant. The options will vest as follows: 200,000 12 months after the effective date; and 75,000 on each of the 24 and 36 month anniversaries after the Effective Date. The PSUs will vest over three years from the effective date of Mr. Mercier’s appointment, with 1/3 (33,334) vesting 12 months after the effective date, and 1/3 (33,333) vesting over each of the periods of 24 months and 36 months. anniversary months after the effective date.

About Pan Global Resources
Pan Global Resources is actively engaged in the exploration of base and precious metals in southern Spain and seeks opportunities ranging from exploration to mining development. The Company’s flagship asset is the Escacena Copper Project located in the Iberian Pyrite Belt, which hosts the largest concentration of massive sulphide deposits in the world. La Romana, one of several compelling geophysical targets at Escacena, was the company’s first discovery of 2019. Mineralization has been intersected in nearly every drill hole over a strike length of 1.2 kilometers and remains open in the most directions. Drilling is currently underway on the Zarcita target located 5 kilometers north of La Romana. The Company is committed to operating safely and with respect for the communities and environment where we operate.

On behalf of the Board of Directors

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Statements that are not purely historical are forward-looking statements, including any statements regarding beliefs, plans, expectations or intentions regarding the future. It is important to note that the actual results and the actual results of the Company could differ materially from those contained in these forward-looking statements. The Company believes that the expectations reflected in the forward-looking information included in this press release are reasonable, but no assurance can be given that such expectations will prove to be correct and undue reliance should not be placed on such forward-looking information. Risks and uncertainties include, but are not limited to, economic, competitive, governmental, environmental and technological factors that may affect the Company’s operations, markets, products and prices. Readers should refer to the risk disclosures described in the Company’s MD&A on its audited financial statements filed with the British Columbia Securities Commission.

The forward-looking information contained in this press release is based on information available to the Company as of the date of this press release. Except as required by applicable securities laws, the Company neither intends nor undertakes any obligation to update this forward-looking information.


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